1. For the 4-wave (WXYZ correction), the X wave is around 0.886 and the Y wave is around 1.27. Both the X wave at 0.886 and the Z wave at 1.27 are within the allowable range of the pattern and have moved to their maximum values.
2. The expected range for the basic 5-wave pattern is between 1.27 and 1.618 (or 1.902).
2. The expected range for the basic 5-wave pattern is between 1.27 and 1.618 (or 1.902).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.